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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?


To: Exsrch who wrote (1268)6/24/1999 10:06:00 PM
From: Ron Everest  Read Replies (1) | Respond to of 3558
 
Actually, I happen to agree with your thoughts.
Cash flow is key to any business, but particularly nice for ABX's situation. I have been watching the volumes on ABX and for the last few days it looks like serious moves to accumulate are occurring. Perhaps there is a move from "the bubble" to such a secure stock as ABX.

There is another thing that could happen with ABX, but just my opinion. It is a normal thing for cash rich companies to diversify. Any bets that the war room has alternatives for other types of business being kicked around? Bet they have a plan to diversify when and during a severe market correction. EO June should be particularly interesting with the potential for a US interest rate increase, followed soon after by the misadventurous BOE announced :o) LOL gold auction...what a bunch of dummies these Brit bankers are, must be manipulation!

Any thoughts on the potential for diversification? Would likely get the stock moving IMO.

Best regards,
Thanks for the post